TOPIC: “TRANSFER OF PROPERTY”
Business & Labor Law students will be ready to:
Business & Labor Law Students are likely to:
Mr Yasir is a well known industrialist in the field of leather products with the brand name Yasir Leather International. The demand for his company products were ever high capturing more and more market. But due to the prevailing law and order and electricity situation, his firm found it hard to meet the demand of the customers. Another problem with the ever changing customer demands in the form of new styles for the dresses.
In order to deal with this situation, Mr Yasir approached a China based firm to procure a new machinery that had a low price along with the backup of electricity for as long as one hour. Being satisfied with these features, he signed the agreement with the china based company for the requisite machinery and also made half of the payment. The machinery was loaded for Pakistan destined at Karachi. At the arrival of the machinery at Karachi, it was found that it was damaged partly. He intends to cancel this deal and demand for a new or fresh machinery without any defect.
q.2 nhe samajh a rha tariq bhai please help
and im busy with my son , my family .,. i hate 2 do study now
done,... . numbe tu phr b 5 he dyny hain. itni mehnat k b,.,
Nature of contract
Transfer of property
Ownership is transferred to buyer at some future date/time.
Risk of Loss
Loss shall be suffered by the seller.
Right of Re-sale
Since possession of goods is with the seller he can sell the goods but this act would lead to the breach of contract.
Insolvency of seller
The buyer cannot recover the goods from the official receiver
fairy ye kia kaha hai apne :( ap btaen gi zra plz
According to Delivery Clause
Mr Yasir have to accept the machinery but he can claim damages as ownership has been transferred. Now this machinery is the property of Mr, Yasir
Awnser of 2nd Question according to my understanding....
and for 1st question you just have to describe WHY ....repaired on OR new one?
hope everyone can understand